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Stock Market & Financial Investment News

News Breaks
August 19, 2014
09:28 EDTGMEGameStop says CEO underwent unexpected surgery for tumor
GameStop disclosed in a regulatory filing that late last week Paul Raines, its CEO, underwent unexpected surgery during which a "very small, cancerous tumor was identified and successfully removed from an easily accessible part of the brain." The company added, "Because it was found very early, his doctors have advised him that his prognosis for a full and complete recovery is very good. The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company." Daniel DeMatteo, Executive Chairman, said, "Speaking for the Board, we have every confidence in Paulís continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption."
News For GME From The Last 14 Days
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February 27, 2015
06:46 EDTGMEGameStop bids on 163 RadioShack stores, Reuters says
GameStop (GME) bid for 163 RadioShack (RSHCQ) store leases at $15,000 per lease in a Wednesday auction, reports Reuters, citing bankruptcy court filings and spokesperson statements. GameStop has roughly two months to decide whether it will take on the leases or terminate them, and a spokesperson said the locations -- if awarded -- would "primarily be used to expand... Spring Mobile, which is an exclusive AT&T (T) dealer." Reference Link
February 26, 2015
10:42 EDTGMEGameStop wins bid for 150 RadioShack stores, says BofA/Merrill
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February 25, 2015
13:02 EDTGMERadioShack delays sale of stores, GameStop expresses interest, Reuters says
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February 17, 2015
09:19 EDTGMEDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.

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